RINGSIDE ECONOMICS

It's the Market, Stupid!

In just about two days time, boxers Floyd Mayweather (the world’s highest paid athlete appropriately nicknamed “Money”) and Manny Pacquiao (nicknamed “Pacman” and a member of the legislature in his native Philippines) will trade punches in Las Vegas in what is being billed (adjust suitably for usual boxing promoter hype and hyperbole factor) as the “Fight Of The Century”. It is a fight that is making news because of the ridiculous sums of money involved; proceeds will be split between Mayweather and Pacquiao 60%-40% and those proceeds are likely to be north of $300 million, effectively making it the richest fight in history. The two will be battling for the welterweight title (the weight category is of Mayweather’s choosing, and you might notice that a pattern is emerging here about which boxer is calling the shots); just for the record, the likes of Muhammad Ali and Joe Frazier fought for…

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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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